Savings Accounts Options
Secure savings accounts, competitive yields
At RBFCU, we offer products that make your life easier. With just $1, you can open a savings account to establish membership and have access to many options for your funds.
Your savings account is your passport to the many other financial resources RBFCU offers. To get started with your new savings account, you’ll need to qualify for membership.
Savings account benefits and features:
- Minimum deposit: $1
- No monthly service fee
- Use as an overdraft protection option
- Dividends paid monthly
Certificates earn higher yields on money put aside into savings, providing good returns without high risk.
Certificate accounts benefits and features:
- Minimum deposit: $1,000
- Automatic renewal on maturity
- Tiered dividends allow you to earn higher yields on your savings
- Dividends can be compounded or paid to checking, savings or Money Market
Subject to change without prior notice. Additional restrictions may apply. Minimum initial deposit and minimum balance is $1,000. Penalty for early withdrawal may reduce earnings. Membership eligibility required.
Money Market Accounts
Money Market accounts can earn interest based on the current market rates. Money Markets frequently pay higher dividend rates while requiring a higher minimum balance. At RBFCU, we offer two Money Market options: the RBFCU Classic Money Market and the RBFCU Choice Money Market.
RBFCU also provides specialized savings options, including interest on lawyer trust accounts (IOLTAs), Texas Uniform Transfer to Minors Act accounts (TUTMAs) and trusts. If you are interested in opening one of these accounts, please contact our specialized accounts team.
How long will it take to reach my savings goal?
How long will it take to save for a purchase?
Should I pay off debt or invest in savings?
What is it worth to reduce my spending?
How long will it take to become a millionaire?
What happens if I exceed six transfers from savings per month?
You can complete as many transfers as you like each month in person, but federal regulations limit the number of “convenience” (not in person) transfers from savings to six monthly. After the sixth transfer, the item presented to pay from the savings account is an EFT/ACH, it may be paid as exception, but a fee will be charged. If the item is presented against the checking account and you have set up the savings as overdraft protection, the checking account item maybe returned unpaid or paid using Courtesy Pay (must be opted in).
For more information, read “What You Need to Know About Overdraft Protection.”
Photo ID required for all transactions at any RBFCU branch.